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Five years after the resumption of college entrance examination, he studied, then taught at the Renmin University of China. He taught there between 1989 and 2010, what he was promoted to Associate Professor in February 1993 and to full Professor in May 1997. He served as Executive Vice-Dean of its Finance College in 1997, and five years later promoted to the Dean position. In May 2005 he was promoted to become its vice-president, he remained in that position until March 2010, when he was transferred to Beijing Foreign Studies University (BFSU) and appointed the president. After a year and half, he was transferred back to Renmin University and served as the president there, a position at vice-ministerial level. In late October, 2015, the Organization Department of the Communist Party of China appointed him as deputy governor of People's Bank of China, China's central bank.

Chen was born in November 1966, in Gaocheng County of Shijiazhuang, Hebei, with his ancestral home in Chenghai County, Guangdong. His great-great-grandfather was a calligrapher, his great-grandfather was an official in the Qing government. His grandfather Chen Xu (陈恕 ) was an educator who settled down in British Hong Kong after the Chinese Civil War. His uncle Chen Xiaodong (陈晓中 ) is the former president of Beijing Planetarium, and his another uncle Chen Ju (陈榘 ) is a professor at Hubei Normal University. After the high school, he joined the PLA Air Force as a soldier. In 1957 when Mao Zedong launched his Anti-Rightist Movement against intellectuals, his father was sent to the May Seventh Cadre Schools to do farm work, in Yangtai Village of Shijiangzhuang, capital of Hebei, where he was born.